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The Rise of Kleptocracy: Laundering Cash, Whitewashing Reputations

Published on Jan 1, 2018in Journal of Democracy3.667
· DOI :10.1353/jod.2018.0003
Alexander Cooley14
Estimated H-index: 14
,
John Heathershaw11
Estimated H-index: 11
,
Jason Campbell Sharman18
Estimated H-index: 18
Sources
Abstract
A growing body of analysis has explored how kleptocrats systematically capture and loot their domestic state institutions, but scholars and policy makers have paid less attention to how globalization enables grand corruption, as well as the laundering of kleptocrats' finances and reputations. Shell companies and new forms of international investment, such as luxury real-estate purchases, serve to launder the ill-gotten gains of kleptocrats and disimbed them from their country of origin. Critically, this normalization of "everyday kleptocracy" depends heavily on transnational professional intermediaries: Western public-relations agents, lobbyists and lawyers help to recast kleptocrats as internationally respected businesspeople and philanthropic cosmopolitans. The resulting web of relationships makes up a "transnational uncivil society," which bends global-governance institutions to work in its favor.
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Preface 1. Introduction 2. Explaining the global shell game 3. Overall compliance, tax havens, OECD and developing countries 4. Corruption and terrorism 5. Laws and standards 6. Penalties, norms, and US origin 7. Conclusion References Appendices.
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